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Nov 26, 2012
11/12
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they're expressing optimism about the prospect of reaching a deal to avoid the fiscal cliff but cbs reporter danielle hotting ham said they're also sounding some alarms. >> reporter: the senate returns today with just five weeks left to hammer out a deal to avoid the fiscal cliff. republican senator bob corker says lawmakers need to show some political courage to prevent tax increases and spending cuts from taking effect january 1st. >> there's a menu of options on the revenue side and on the entitlement side, and while there are two parties, they are willing to solve this problem, this is a very easy thing to do technically. >> reporter: republicans are hinting they may be open to a compromise that raises revenue but many are still firm they won't let bush-era tax cuts expire for the wealthiest americans. >> i would be very much opposed to raising tax rates but i do believe we can close a lot of loop holes. >> reporter: democrats say just closing loop holes and limiting deductions is not enough to make a dent in the nation's $16 trillion deficit. >> you've got to raise additional revenues,
they're expressing optimism about the prospect of reaching a deal to avoid the fiscal cliff but cbs reporter danielle hotting ham said they're also sounding some alarms. >> reporter: the senate returns today with just five weeks left to hammer out a deal to avoid the fiscal cliff. republican senator bob corker says lawmakers need to show some political courage to prevent tax increases and spending cuts from taking effect january 1st. >> there's a menu of options on the revenue side...
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Nov 27, 2012
11/12
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KTVU
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cliff. republicans are pressing the white house for a list of long- term spending cuts. democrats still want to raise income taxes on the rich. so far there is little outward signs the two sides are are closer to heading off the automatic tax increases and spending cuts economists have said could push the economy into another recession. the dow dropped 42 points today. the nasdaq was up by 9. the s&p closed by by 2. >>> a carbon monoxide scare that sent four people to the hospital in san francisco may have been a false alarm. for instance fire facers were called to a -- san francisco firefighters were called to a home last night where several family member complained of being sick and said they heard a fire alarm. thirteen people, including small children, were taken to the hospital, and some were found to have elevated levels of carbon monoxide, but pg & e found no gas leaks in the home. officials say it can be caused by smoking cigarettes. the >>> a fake press release stating that google h
cliff. republicans are pressing the white house for a list of long- term spending cuts. democrats still want to raise income taxes on the rich. so far there is little outward signs the two sides are are closer to heading off the automatic tax increases and spending cuts economists have said could push the economy into another recession. the dow dropped 42 points today. the nasdaq was up by 9. the s&p closed by by 2. >>> a carbon monoxide scare that sent four people to the hospital...
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Dec 8, 2012
12/12
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FOXNEWSW
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he says the so-called fiscal cliff problem could be fixed in 15 minutes if republicans would only agree to higher taxes on higher americans. the v.p. laid out the president's plan at a diner in virginia. the campaign style stop apparently meant to highlight going over the fiscal cliff would mean for the fiscal class. >> i don't know why at love the guys we work with don't get it makes a difference whether or not you can finance a used car. 3,000 bucks makes a difference or talk about whether or not your kids are going to be able to save enough for their college. >> shepard: so where are we? we are 25 days away from a series of automatic spending cuts and expiring tax credits or tax cuts anyway? economists say that would be a disaster. possibly costing million of american jobs. today the house speaker john boehner again accused the white house of holding up negotiations. he said the white house has wasted another week of potential deal-making. >> there are a lot of things that are possible but to put the revenue to the president seeks on the table. but none of it is going to be possible.
he says the so-called fiscal cliff problem could be fixed in 15 minutes if republicans would only agree to higher taxes on higher americans. the v.p. laid out the president's plan at a diner in virginia. the campaign style stop apparently meant to highlight going over the fiscal cliff would mean for the fiscal class. >> i don't know why at love the guys we work with don't get it makes a difference whether or not you can finance a used car. 3,000 bucks makes a difference or talk about...
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Dec 4, 2012
12/12
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KPIX
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counter plan to avoid that "fiscal cliff." >> republicans need to acknowledge it that that's the only way to get from here to there. >> from across the bay to around the world -- >> obviously, we want a family so we have to start thinking about that. >> -- the stories that matter on "eyewitness news this morning." ♪ [ music ] >>> good morning. it's tuesday, december 4. i'm michelle griego. >> hi, everyone. i'm frank mallicoat. it's 5:31 on this tuesday. muni service back to normal on market street this morning. power was just restored to the subway. last night service was shut down for hours. cate caugiran joins us now. >> reporter: they had their hands full yesterday michelle and frank. but i just spoke with a muni spokesman on the phone who told me in terms of the morning commute, they are happy to say that again all trains are back up and running an service has been fully restored. now this is because crews were working well into the night to restore power to all of those underground transit stations. now, all trains were stopped just before 6:00 last night. muni says the melt yo
counter plan to avoid that "fiscal cliff." >> republicans need to acknowledge it that that's the only way to get from here to there. >> from across the bay to around the world -- >> obviously, we want a family so we have to start thinking about that. >> -- the stories that matter on "eyewitness news this morning." ♪ [ music ] >>> good morning. it's tuesday, december 4. i'm michelle griego. >> hi, everyone. i'm frank mallicoat. it's...
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january 1st, fiscal cliff getting closer. boehner the president a letter you lining the republicans' plan it took two hours for the white house to reject it, saying it benefits wealth any and sticks middle class with the bill. republicans want cuts to -- [ unintelligible ] we have quiet start here on wall street, positive, dow and s&p, nasdaq lower investors continuing to track what is going on in washington. bloomberg index this morning a little lower. another positive report on home prices up 6.3% in october biggest jump since june of 2006. pending forecast indicates november index up more than 7% in california better, up more than 9% in october. live at the new york stock exchange, i'm jane king. >> you passed on grease how about a little singing in the rain? >> [ unintelligible ] >> if mike wants to sing, go ahead. >> sing and dance. >> soft shoe over there. >> i have an umbrella for you. you -- good morning. 6:48, looking from mount tamalpais this morning back down on what is mainly cloudy to the south, turning to the no
january 1st, fiscal cliff getting closer. boehner the president a letter you lining the republicans' plan it took two hours for the white house to reject it, saying it benefits wealth any and sticks middle class with the bill. republicans want cuts to -- [ unintelligible ] we have quiet start here on wall street, positive, dow and s&p, nasdaq lower investors continuing to track what is going on in washington. bloomberg index this morning a little lower. another positive report on home...
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Dec 4, 2012
12/12
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FOXNEWSW
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house republicans unveiling a bold proposal to avoid a so-called fiscal cliff. the white house didn't waste any time attacking it. kelly wright is live in washington with more on this. good morning, kelly. >> good morning to you. the back and forth is continuing in a letter with president obama. american people expect leaders to find fair middle ground with the nation's most pressing challenges. with that they propose is a counter over for the fiscal cliff. the republican plan has will00 billion for tax freerm 900 billion in mandatory spending cuts and 300 billion in discretionary cuts. the proposal falls short of what the president wants and cannot be taken seriously. >>> we understand they don't agree with everything the president has put on the table but we haven't seen alternatives for that. they have spoken about an avenue and that challenge is welcome. republican leaders have been adamant they don't believe rates ought to go up on the top 2 percent of wealthiest americans. the american people overwhelmingly disagree. the rates have to rise and republicans
house republicans unveiling a bold proposal to avoid a so-called fiscal cliff. the white house didn't waste any time attacking it. kelly wright is live in washington with more on this. good morning, kelly. >> good morning to you. the back and forth is continuing in a letter with president obama. american people expect leaders to find fair middle ground with the nation's most pressing challenges. with that they propose is a counter over for the fiscal cliff. the republican plan has will00...
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this fiscal cliff. the republicans, as i mentioned, they are not mounting any kind of response to the charge by the administration. >> not surprising. the republicans have been known for as long time as the stupid party, they are a hot mess, they came out of this elect on the losing end, they have done nothing to try to regroup, this affects every american's life and pocketbook, they still can't get it together with a coherent message based on their core principals, economic freedom, and liberty, if you can't stand for those, and fight for them, they have no business being one of the two major political parties. >> monica is right, the republicans have allowed obama to ccntrol the debate, we have the morale high ground and our plan, obama in 2011 talking about tax reform said we can -- we don't have to raise tax rates, we can lower tax rates by capping deducts. he said that. lou: where is coordinated action and rhetoric from the party? i'm talking about from mayors to governors. >> we have been great wi
this fiscal cliff. the republicans, as i mentioned, they are not mounting any kind of response to the charge by the administration. >> not surprising. the republicans have been known for as long time as the stupid party, they are a hot mess, they came out of this elect on the losing end, they have done nothing to try to regroup, this affects every american's life and pocketbook, they still can't get it together with a coherent message based on their core principals, economic freedom, and...
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with the fiscal cliff is austerity and you would think republicans would be all about that they want to see the fiscal cliff the only problem is this is also austerity for wealthy people not just working people it's old and it's austerity for the militants going to tell you it's going to tax increases for the wealthy and it's going to be cuts to wealthy defense contractors just across the bridge of virginia where i think it's more than that it's every person that owns a diner or has you know a jiffy lube or delivers pizza is also going to be affected because people can't afford to order pizza i mean it's not just if the if the same thing as do you that government jobs aren't real jobs that government spending isn't real dollars being pumped into the economy i think that's the point the senate you know it's all this is going to tell us just of where our priorities are yes spending on the military does create some jobs that's you know. undeniable but do we want to create jobs through massive spending on the military every year and every year and every year we don't get some point we're
with the fiscal cliff is austerity and you would think republicans would be all about that they want to see the fiscal cliff the only problem is this is also austerity for wealthy people not just working people it's old and it's austerity for the militants going to tell you it's going to tax increases for the wealthy and it's going to be cuts to wealthy defense contractors just across the bridge of virginia where i think it's more than that it's every person that owns a diner or has you know a...
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Dec 10, 2012
12/12
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KPIX
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that will continue to put pressure on house republicans to achieve a fiscal cliff deal in the coming days. speaker boehner has made it clear to the white house and his own republicans in the house he wants a deal no later than this saturday. >> major garrett, thank you. in an interview on friday, i asked general electric chairman and ceo jeff immelt for his thoughts on the looming fiscal cliff and the impact it could have on the u.s. economy. >> i'd make a couple comments. we've got to get this done now. not there are people who write and go on news shows and say we can let it lapse two weeks. that is specifically not true. we need this to get resolved now. not because because jim mcnerney will say it or jeff immelt will say it, but the millions who work for us, their lives are in flux. this is incredibly credible that we get it done now. we need revenue. everybody knows we need revenue. >> i think the president is right in asking for more revenue and therefore not extending the bush tax cuts to those with more than $250,000. >> bowles-simpson, there's not been one commission that sa
that will continue to put pressure on house republicans to achieve a fiscal cliff deal in the coming days. speaker boehner has made it clear to the white house and his own republicans in the house he wants a deal no later than this saturday. >> major garrett, thank you. in an interview on friday, i asked general electric chairman and ceo jeff immelt for his thoughts on the looming fiscal cliff and the impact it could have on the u.s. economy. >> i'd make a couple comments. we've got...
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Dec 4, 2012
12/12
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six governors, democrats, and republicans weigh in on the fiscal cliff today. what will they tell president obama about the spending cuts and tax increases now just 28 days away? >> we must reign in our out of control spending. >> reporter: republicans have an offer, $800 billion in new taxes, half what the president wanted. $600 billion saved in part by making americans wait until they're 67 to get medicare. plus more cuts totalling $2.2 trillion. but no tax hikes for the wealthy. >> that's just not going to happen. >> reporter: the pentagon could take the biggest hit from president obama told defense experts monday, don't worry. >> even as we make very tough fiscal choices, we're going to keep investing in these programs. >> reporter: he went online on youtube and twitter explaining why he thinks the rich should pay more. going over the fiscal cliff could cost america jobs. >> we're only expanding 2% right now. it needs to be considerably higher to bring more people off unemployment. >> reporter: for the jobless, president obama is asking congress for million
six governors, democrats, and republicans weigh in on the fiscal cliff today. what will they tell president obama about the spending cuts and tax increases now just 28 days away? >> we must reign in our out of control spending. >> reporter: republicans have an offer, $800 billion in new taxes, half what the president wanted. $600 billion saved in part by making americans wait until they're 67 to get medicare. plus more cuts totalling $2.2 trillion. but no tax hikes for the wealthy....
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that if it goes over the fiscal cliff republicans are prepared to make the middle class pay more tax paying more. and that is a very bad position for the republicans to find themselves in isn't it? >> sit a very bad position for them to find themselves in. the fact of the matter is, it isn't true. the taxes on the wealthiest americans, it doesn't address the core problems. the $16 trillion comes from government over spending and we have slow growth. raising the taxes on anybody whether it is on the poor or the other americans doesn't solve the problem. let's get in and figure out what the key problems are and solve those. i made an analogy earlier to giving a kid more allowance. i stopped paying them. >> i mean un believable. so kate, middleton, is in hospital with this morning sickness and revealed that she is pregnant and some dumb aussie dejay rings up with this accent and they think it is the queen of england land. have you ever heard of something so ludicrous? >> i thought it was you. >> of all the problems in the world this is not the most serious one. >> obviously, they are no
that if it goes over the fiscal cliff republicans are prepared to make the middle class pay more tax paying more. and that is a very bad position for the republicans to find themselves in isn't it? >> sit a very bad position for them to find themselves in. the fact of the matter is, it isn't true. the taxes on the wealthiest americans, it doesn't address the core problems. the $16 trillion comes from government over spending and we have slow growth. raising the taxes on anybody whether it...
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Sep 5, 2012
09/12
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CNBC
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problem. >> if obama moves to the center, how does that impact the fiscal cliff issues. do you think he gives into republicans or not? >> no, i any there is no deal, you go over the fiscal cliff, they have a universal tax cut, no class warfare charge there, but it's more progressive and even across the income distribution. >> so many scenarios to look at, peter. what if the president wins and the republicans told the house and the senate are we deadlocked? >> i don't think we will be deadlo deadlocked, it will just be rocky. it will not be apparent how a deal will come together. ultimately we will get a deal, and i think the big danger here is that we have such a prolonged period of uncertainty and anxiety that will provide lots of discussion on your show and other shows, that there is a longer lasting harm that comes out of that. if we spend a month or two in this anxiety mode, you could have a longer term effect from that. >> certainly that's the word. nice to have you on the program. >> thank you. >> now to kayla tausche with a market flash update. >> we're watching s
problem. >> if obama moves to the center, how does that impact the fiscal cliff issues. do you think he gives into republicans or not? >> no, i any there is no deal, you go over the fiscal cliff, they have a universal tax cut, no class warfare charge there, but it's more progressive and even across the income distribution. >> so many scenarios to look at, peter. what if the president wins and the republicans told the house and the senate are we deadlocked? >> i don't...
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Dec 4, 2012
12/12
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the latest round of "fiscal cliff" negotiations. the republican proposal includes cutting $900 billion from medicare and reforming social security. it would also raise $800 billion in tax reforms. but the white house says the offer still favors cutting taxes for the wealthy. >> us this far, republican leaders have been adamant that they don't believe rates ought to go up on the top 2% of wealthiest americans. the american people overwhelmingly disagree. >> if the president and republicans can't come to a compromise, everyone's taxes will go up january 1. government spending will be slashed. >>> the dow lost 60. the nasdaq was down 8, s&p down 7. >>> the storms that blew through the bay area brought down many trees and that's meant a hard lesson for homeowners who were cleaning up today. cbs 5 consumerwatch reporter julie watts explains your insurance doesn't always cover fallen trees. julie. >> reporter: something many are likely learning following this weekend's storm. we received photos from across the bay area of downed trees on
the latest round of "fiscal cliff" negotiations. the republican proposal includes cutting $900 billion from medicare and reforming social security. it would also raise $800 billion in tax reforms. but the white house says the offer still favors cutting taxes for the wealthy. >> us this far, republican leaders have been adamant that they don't believe rates ought to go up on the top 2% of wealthiest americans. the american people overwhelmingly disagree. >> if the president...
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Dec 31, 2012
12/12
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WTTG
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to try to strike a last-minute deal to avoid the fiscal cliff. >> republicans saying they are will be to work with congress and the president to come to an agreement. yesterday, president obama said job leaders have rejected his proposal to make a comprehensive deal. >> we don't yet see an agreement and now, the pressure is on congress to produce. >> we're willing to work with whoever can help. there is no single issue that remains an impossible sticking point. >> today, senate majority leader harry reid could push for a fallback bill which would only raise taxes on families making $2 other 50á,000 a year or more. that plan would extend unemployment benefits for two million americans. icans. -- on families making $250,000 a year or more. >>> police continue to look for evidence in the murder of a college student. a vigil was held last night at battlefield high school for xavier stringfellow. he was a graduate of the school. he was found stabbed to death friday evening in industry anti. his body was found inside a crashed minivan on a service road off of chain bridge road. police said
to try to strike a last-minute deal to avoid the fiscal cliff. >> republicans saying they are will be to work with congress and the president to come to an agreement. yesterday, president obama said job leaders have rejected his proposal to make a comprehensive deal. >> we don't yet see an agreement and now, the pressure is on congress to produce. >> we're willing to work with whoever can help. there is no single issue that remains an impossible sticking point. >> today,...
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the fiscal cliff, and the american people will hold them responsible. democrats also take issue with the proposal's spending cuts to medicare and social security. republican counter that tough cuts are needed to tackle the soaring debt, leaving washington locked in a stalemate, less than a month before every american sees their taxes shoot up. the gridlock has irritated people outside washington, like deborah page of arlington, texas. >> if i was working the way the president and congress was working, i would probably lose my job. >> reporter: page started a petition that would cease paychecks and health benefits for all members of congress and president obama if they can't avoid the fiscal cliff. the petition's chances are slim. but it's a reflection of americans' frustration with 28 days left. rob and paula? >> tahman bradley live in washington today. thank you, tahman. >>> and as talks over the fiscal cliff drag on, a new poll finds that most americans do not think very highly of congress. one in ten americans rate the honesty and ethical standards o
the fiscal cliff, and the american people will hold them responsible. democrats also take issue with the proposal's spending cuts to medicare and social security. republican counter that tough cuts are needed to tackle the soaring debt, leaving washington locked in a stalemate, less than a month before every american sees their taxes shoot up. the gridlock has irritated people outside washington, like deborah page of arlington, texas. >> if i was working the way the president and congress...
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Dec 7, 2012
12/12
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FOXNEWSW
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that would seem to back up a republican theme in the fiscal cliff argument. >> if we raise taxes on the top two rate, a million small businesses who employ 25% of the work force it will cost us over 700,000 jobs and reduce economic growth, lower take home pay and those things. that is a bad scenario. >> the league negotiator on the republican side of the table facing mr. obama says raiding taxes on upper -- raising taxes on upper income americans is not going to fix the problem that the country is facing. >> even the president got the tax rate hike he wanted understand we would continue to see trillion dollar deficits for as far as the eye can see. listen, washington has got a spending problem, not a re-knew problem. >> for many top democrats it's all about taxes and not spending cuts in averting the fiscal cliff. >> the facts are at that point the 39.6% does produce the revenue. the differentiation between 39.6% and the 28% at that the president has for limitation on deduction creates a great deal of money as well. >> one conservative financial commentator suggests the likely outcome o
that would seem to back up a republican theme in the fiscal cliff argument. >> if we raise taxes on the top two rate, a million small businesses who employ 25% of the work force it will cost us over 700,000 jobs and reduce economic growth, lower take home pay and those things. that is a bad scenario. >> the league negotiator on the republican side of the table facing mr. obama says raiding taxes on upper -- raising taxes on upper income americans is not going to fix the problem that...
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Dec 28, 2012
12/12
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you say, we, republican are not trying to solve the fiscal cliff. we're trying to solve the debt and deficit. can you explain that? >> sure can. yeah, the white house has been very focused on what do we have to do to just get past the fiscal cliff. let's get over this bump and keep spend and keep going. in the house we're actually trying to solve the debt and deficit. let me illustrate this. we have a trillion dollars in deficit spending last four years. president says let's go back to the clinton levels of taxation. if we went back to the clinton levels of taxation we're still double the highest bush era of deficit spending still because spending was accelerated so much in 2009 and 2010. we're trying to bring the spending levels back down. on the contrary if we just brought the spending levels down to the clinton level spending instead of tax level going up to clinton level of tax it is would solve this. we're trying to solve the debt and deficit. we're trying to say how do we get out of debt. the president is saying let's get past the fiscal cliff
you say, we, republican are not trying to solve the fiscal cliff. we're trying to solve the debt and deficit. can you explain that? >> sure can. yeah, the white house has been very focused on what do we have to do to just get past the fiscal cliff. let's get over this bump and keep spend and keep going. in the house we're actually trying to solve the debt and deficit. let me illustrate this. we have a trillion dollars in deficit spending last four years. president says let's go back to...
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Dec 25, 2012
12/12
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KICU
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cliff. >> reporter: some republican lawmakers say president obama wants the country to fall off the fiscal cliff. >> we were going to go over the cliff before, we're going to go over the cliff now because that's what the president wants. you cannot negotiate with someone who doesn't want to negotiate. >> reporter: that would raise taxes on people making more than $200,000 a year. each making a parting pitch. >> i've asked leaders of congress to work toward a package that prevents a tax hike on middle class americans, prevents unemployment insurance for 2 million americans and lays the ground work for further work on both growth and deficit reduction. >> the presidents solution of raising tax rates would still be ready for as far as the eye can see and it would hurt jobs. >> the partisan bickering has put the country on the brink of a financial crisis. >> it's the first time that i feel it's more likely that we will go over the cliff than not. and that if we allow that to happen it will be the most collosal consequential in a very long time. >> reporter: president obama is in hawaii
cliff. >> reporter: some republican lawmakers say president obama wants the country to fall off the fiscal cliff. >> we were going to go over the cliff before, we're going to go over the cliff now because that's what the president wants. you cannot negotiate with someone who doesn't want to negotiate. >> reporter: that would raise taxes on people making more than $200,000 a year. each making a parting pitch. >> i've asked leaders of congress to work toward a package that...
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cliff. this morning president obama will host some of nation's governors to spread his message. the president wants to raise 1.6 trillion in revenue by increasing taxes on top 2% of income earners. republicans countered with plan it would raise 800 billion dollars in revenue but doesn't call for raising tax rates on the wealthy the proposal was quickly rejected by the white house. >>> if you plan to fly anywhere for the holiday, book your flight right away. >> here's jane king with the bloomberg business report. >>> good morning. if you are thinking of flying over the holidays and don't have a ticket yes, book fast. airfares are up 4% compared to last year now that advanced purchase window can keep costs down if you buy 21 days in advance. if you are looking to save, christmas day airfares are cheaper along with december 27th and 31st, 17th and 18, may be good. congress gearing up to overall haul student loan debt collection wisconsin representative expected to introduce a measure this week
cliff. this morning president obama will host some of nation's governors to spread his message. the president wants to raise 1.6 trillion in revenue by increasing taxes on top 2% of income earners. republicans countered with plan it would raise 800 billion dollars in revenue but doesn't call for raising tax rates on the wealthy the proposal was quickly rejected by the white house. >>> if you plan to fly anywhere for the holiday, book your flight right away. >> here's jane king...
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Nov 28, 2012
11/12
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KGO
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cliff. the senate top rbi republican says the president is back on the trail instead of sitting down with lawmakers to negotiate a settlement. the president met with small business owners to built support for the aproich. tomorrow, meeting with middle class families. the president wants higher taxes for the wealthy. and un ambassador susan rice went to capitol hill to meet with republican senators. she's high on the list to secretary of state. she's been under fire from senate republicans over the attac killed four americans, including u.s. ambassador chris stevens. today's meeting did not go well. >> we're doubled by many of the answers that we got. i'm more disturbed now than before. >> the republican senators stopped short of saying they'd block the nomination. they say they need more information and have more questions about the incident in benghazi. >> we're coming up on december to 1. that is the day mayans said the world would end. one scientist has been answering countless letters ab
cliff. the senate top rbi republican says the president is back on the trail instead of sitting down with lawmakers to negotiate a settlement. the president met with small business owners to built support for the aproich. tomorrow, meeting with middle class families. the president wants higher taxes for the wealthy. and un ambassador susan rice went to capitol hill to meet with republican senators. she's high on the list to secretary of state. she's been under fire from senate republicans over...
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Dec 19, 2012
12/12
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FOXNEWSW
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the fiscal cliff, that republicans need to take it and take it now. no grapevine tonight to bring you more on the back and forth. we will bring in panel in early. jonah goldberg. kirsten powers with the daily beast. syndicated columnist charles krauthammer. the president head interesting statements saying that the situation we're in after the connecticut shooting the environment that the country is in that americans should compromise. >> this is logical non-sequitur. like benghazi report proves we should send a man to mars. there is no connection between the two things. the assumption that obama is working from is only he is looking to compromise for the greater good. the only way they can prove they are going to compromise the greater good is take up the white house position. this is outrageous to tie it to the massacre. all the conversation about the massacre has been repugnant to me in the last week. but i don't know, i don't think this will work for obam obama. when he says the republicans are saying this because they have a problem with me person
the fiscal cliff, that republicans need to take it and take it now. no grapevine tonight to bring you more on the back and forth. we will bring in panel in early. jonah goldberg. kirsten powers with the daily beast. syndicated columnist charles krauthammer. the president head interesting statements saying that the situation we're in after the connecticut shooting the environment that the country is in that americans should compromise. >> this is logical non-sequitur. like benghazi report...
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Nov 14, 2012
11/12
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KRON
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a fiscal cliff. the president will meet with top american ceos to get their thoughts. on tuesday labor leaders went to the house to discuss a tax increase unless congress compromises. >> the president like we are his committed to preserving the tax breaks for the middle class and making sure rich people pay their fair share. >> if things do not change the tax cuts will expend for middle income americans in january. the estimated house will face a tax increase of $3,500. >> thinking a refund may not be a possibility for some people will use the money to take care of the expenses. that would be tough. >> democrats want higher taxes on the wealthy and keep the current tax rate for the middle class. republicans want to cut government spending. a new poll shows that lawmakers are too far apart. have think congress will not reach a deal. i'm martha shane reporting. >> nancy pelosi will announce her plans later this month. she has scheduled a news conference to discuss what she will stay on as the democrati
a fiscal cliff. the president will meet with top american ceos to get their thoughts. on tuesday labor leaders went to the house to discuss a tax increase unless congress compromises. >> the president like we are his committed to preserving the tax breaks for the middle class and making sure rich people pay their fair share. >> if things do not change the tax cuts will expend for middle income americans in january. the estimated house will face a tax increase of $3,500. >>...
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Dec 25, 2012
12/12
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KTVU
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cliff. >> reporter: some republican lawmakers say president obama wants the country to fall off the fiscal cliff. >> we were going to go over the cliff before, we're going to go over the cliff now because that's what the president wants. you cannot negotiate with someone who doesn't want to negotiate. >> reporter: that would raise taxes on people making more than $200,000 a year. each making a parting pitch. >> i've asked leaders of congress to work toward a package that prevents a tax hike on middle class americans, prevents unemployment insurance for 2 million americans and lays the ground work for further work on both growth and deficit reduction. >> the presidents solution of raising tax rates would still be ready for as far as the eye can see and it would hurt jobs. >> the partisan bickering has put the country on the brink of a financial crisis. >> it's the first time that i feel it's more likely that we will go over the cliff than not. and that if we allow that to happen it will be the most collosal consequential in a very long time. >> reporter: president obama is in hawaii
cliff. >> reporter: some republican lawmakers say president obama wants the country to fall off the fiscal cliff. >> we were going to go over the cliff before, we're going to go over the cliff now because that's what the president wants. you cannot negotiate with someone who doesn't want to negotiate. >> reporter: that would raise taxes on people making more than $200,000 a year. each making a parting pitch. >> i've asked leaders of congress to work toward a package that...
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Dec 4, 2012
12/12
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CNNW
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house republicans today did offer a counter proposal on the fiscal cliff. their plan, $2.2 trillion deficit savings over the next decade, but it does not include higher tax rates for the wealthy. the house speaker john boehner calls it a credible plan that deserves serious consideration by the white house. guess what? the white house released a statement tonight saying the plan is nothing new, that it lowers rates for the wealthy and sticks the middle class with the bill. so to borrow a phrase, we're nowhere. period. david walker is president and ceo of comeback america initiative. he's made it his mission to promote fiscal responsibility. he joins us along with cnn political analyst, david gergen. the house republicans put forward their counter proposal. speaker boehner says it's credible and the white house should consider it. is it credible or is it more of what you have called the irresponsible unethical immoral behavior of all the politicians here in washington? >> i think both sides are now putting things on the table but i think they're confused. wha
house republicans today did offer a counter proposal on the fiscal cliff. their plan, $2.2 trillion deficit savings over the next decade, but it does not include higher tax rates for the wealthy. the house speaker john boehner calls it a credible plan that deserves serious consideration by the white house. guess what? the white house released a statement tonight saying the plan is nothing new, that it lowers rates for the wealthy and sticks the middle class with the bill. so to borrow a phrase,...
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Dec 21, 2012
12/12
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FOXNEWSW
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if it's over the fiscal cliff. republicans might take the blame. but at this point, the white house bears responsibility for putting them in the position where their backs are against the wall and boehner had come all that way and they said no. >> the house republicans and the senate republicans don't look at a poll for the next 12 months. the election is in 2014. figure out what you want to go to the american people with, what the real choice will be in 2014. work away at it steadily. people will come to believe in your seriousness and what you are trying to accomplish. the japanese had a term after they won in pearl harbor and they surprised us. they ran amok and they got beaten badly and they said they had victory disease. i think there is a victory disease at the white house. i think they are dramatically overestimating the -- the power they have. and i think they are underestimating the risk they are running of really putting this economy in drabble. >> i agree. let me ask you about more recent history that goes back to 1997 when you worked wi
if it's over the fiscal cliff. republicans might take the blame. but at this point, the white house bears responsibility for putting them in the position where their backs are against the wall and boehner had come all that way and they said no. >> the house republicans and the senate republicans don't look at a poll for the next 12 months. the election is in 2014. figure out what you want to go to the american people with, what the real choice will be in 2014. work away at it steadily....
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Nov 9, 2012
11/12
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WBAL
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. >> we'll hear from president obama today about avoiding the fiscal cliff. will republicans agree to tax increases? tracie potts has more. >> president obama is expected to urge congress to extend the bush tax cuts right away and cooperate to avoid the fiscal cliff. >> everyone will have to come to the table in the spirit of getting something done. >> democrats may have to take the hatchet to social security and medicare. republicans may have to raise taxes on the wealthy. john boehner signaled his party is open to new revenue. >> do not raise taxes. the government will get more revenue. >> john boehner also speaks today. >> we have to watch if the speaker and president are on different planets. >> it will still create a level of uncertainty going forward until everything is determined by a new congress. >> unemployment could hit nine per 1% next year -- unemployment could hit 9.1% next year. we could be looking at 3% growth next year. tracie potts, wbal-tv 11 news. >> now insta-weather plus and traffic pulse 11 together. >> good morning. sarah caldwell chec
. >> we'll hear from president obama today about avoiding the fiscal cliff. will republicans agree to tax increases? tracie potts has more. >> president obama is expected to urge congress to extend the bush tax cuts right away and cooperate to avoid the fiscal cliff. >> everyone will have to come to the table in the spirit of getting something done. >> democrats may have to take the hatchet to social security and medicare. republicans may have to raise taxes on the...
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Dec 31, 2012
12/12
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KTVU
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. >>> the government from going over the flip, yet as the -- fiscal cliff, both republicans said they will not vote tonight. they will reconvene tomorrow morning. >> the vote on spending cuts and tax high school thaksd prevent the u.s. from going -- hike, from -- going over the fiscal cliff, still in the final hours. >> the house and senate convened for rare sunday sessions in hoping of bridging major impasses. >> conversations and discussions continue and we remain hopeful that'll get a breakthrough. >> we'll pass a minimalist bill so that we won't go over the cliff and then i think we have to go from there. >> on nbc's meet the press, president obama made a final pitch for his plan to preserve bush era tax cuts for welt healthy americans. >> a mijor sticking point continues to be -- major annual sticking point, the threshold has waiverd from $250,000 to as high as millionion dollar. the country doesn't have a tax revenue problem. t has a spending problem. john boehner issued a statement saying republicans have made every effort to make the balanced agreement that the president promi
. >>> the government from going over the flip, yet as the -- fiscal cliff, both republicans said they will not vote tonight. they will reconvene tomorrow morning. >> the vote on spending cuts and tax high school thaksd prevent the u.s. from going -- hike, from -- going over the fiscal cliff, still in the final hours. >> the house and senate convened for rare sunday sessions in hoping of bridging major impasses. >> conversations and discussions continue and we remain...
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Nov 16, 2012
11/12
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KNTV
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coming up, the president meeting with congressional leaders today to try and avoid that fiscal cliff. hear what republicans right now are saying about a possible compromise this morning. >>> and a showdown between two bay area tech giants is about to go down. details coming up in a live report. >>> just in to our newsroom this morning, say goodbye to twinkies and ding dongs. hostess is going out of business. the maker of zichlt ngers and wonder bread have said striking workers have refused an ultimatum to return to work by the end of the day so the company is moving forward with a full shutdown. hostess employs 18,000 people. an american tradition. >> that is crushing news. we'll see if someone swoops in to buy them up. >>> google getting ready to take on apple's mapping system. >>> plus superstorm sandy and the fiscal cliff doing a number on the stock prices. for that and more we turn it over to seema mody for all of your business news. seema, good morning. >> reporter: everything you need. very good morning to you, guys. let's take a look at the markets first. futures lower after st
coming up, the president meeting with congressional leaders today to try and avoid that fiscal cliff. hear what republicans right now are saying about a possible compromise this morning. >>> and a showdown between two bay area tech giants is about to go down. details coming up in a live report. >>> just in to our newsroom this morning, say goodbye to twinkies and ding dongs. hostess is going out of business. the maker of zichlt ngers and wonder bread have said striking workers...
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Dec 6, 2012
12/12
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WUSA
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increases of any kind. >> you can keep up to date on our approach to the fiscal cliff any time. just go to our website wusa9.com. click on the fiscal cliff banner which is at the top of our home page. you'll find a countdown clock and a calculator to help you figure out the impact the fiscal cliff will have on you. >>> u.s. senator jim demint has announced he's resigning. the republican from south carolina is leaving capitol hill to become president of the heritage foundation. he was first elected to the senate in 2004. south carolina governor nik haley will appoint a replacement. >>> we're waiting to hear if the man charged in the august shooting at the family research council will take a plea deal. prosecutors told floyd lee corkins that he would have to plead guilty to three of ten counts in the federal indictment, including a charge of committing an act of terrorism. corkins is accused of opening fire at the council in northwest washington. a man wounded in that shooting held down the gunman until police arrived. >>> there will be a much different tone outside the white hous
increases of any kind. >> you can keep up to date on our approach to the fiscal cliff any time. just go to our website wusa9.com. click on the fiscal cliff banner which is at the top of our home page. you'll find a countdown clock and a calculator to help you figure out the impact the fiscal cliff will have on you. >>> u.s. senator jim demint has announced he's resigning. the republican from south carolina is leaving capitol hill to become president of the heritage foundation. he...
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Nov 9, 2012
11/12
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KPIX
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cliff." if congressional democrats and republicans don't reach a budget deal by the end of the year the bush-era tax cuts will expire. deep across the board spending cuts will kick in. for now the vice president joe biden and many others in washington are expressing confidence that it can be avoided. >> we're determined not to go over the cliff. i think better heads will prevail. >> nonpartisan congressional budget office predicts the "fiscal cliff" would send the unemployment rate skyrocketing above 9% next year. >>> those types of concerns are showing up in the world market this morning. major asian and european markets are down today following two rough days for the dow, nasdaq and s&p 500 here at home. u.s. futures are also down this morning. investors also are concerned about europe's debt crisis. >>> new rules could mean shorter lines at gas stations in new york. police are at gas stations today to enforce a new fuel rationing plan. it lets people fill up their cars every other day depe
cliff." if congressional democrats and republicans don't reach a budget deal by the end of the year the bush-era tax cuts will expire. deep across the board spending cuts will kick in. for now the vice president joe biden and many others in washington are expressing confidence that it can be avoided. >> we're determined not to go over the cliff. i think better heads will prevail. >> nonpartisan congressional budget office predicts the "fiscal cliff" would send the...
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Dec 3, 2012
12/12
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FOXNEWSW
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president obama announced the proposal for avoiding the fiscal cliff. republicans called it a "joke." breaking just minutes ago, republicans have made a counteroffer. we will get to that. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd#: 1-800-345-2550 commission-free, from your schwab account. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 so let's talk about saving money, tdd#: 1-800-345-25
president obama announced the proposal for avoiding the fiscal cliff. republicans called it a "joke." breaking just minutes ago, republicans have made a counteroffer. we will get to that. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550...
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Dec 4, 2012
12/12
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. >>> from nowhere to nonstarter, house republicans pitch their plan to avoid the fiscal cliff and like the president's plan they don't expect to win over the opposition. a sfl senate fight. will republicans reject a personal plea from their former leader bob dole. he's making a rare visit to the senate floor to make his case. and now that we've had a whole month to digest that election day data, where you'll find those who voted for every presidential winner since 1956. that's in today's deep dive. i'm chuck todd feeling a little clogged up as you might hear. the fiscal cliff counteroffer has one thing in common. the differences between the new republican plan and what the white house proposed are stark when it comes to taxes. the gop calls for $800 million in new taxes. it's half of what the white house asked for. republicans to $67 billion. the gop plan changes how security benefits would be calculated. why he favors tax rates instead of eliminating deductions. not enough revenue. less revenue equals more cuts in education. republicans ruled that out saying the new revenue would not
. >>> from nowhere to nonstarter, house republicans pitch their plan to avoid the fiscal cliff and like the president's plan they don't expect to win over the opposition. a sfl senate fight. will republicans reject a personal plea from their former leader bob dole. he's making a rare visit to the senate floor to make his case. and now that we've had a whole month to digest that election day data, where you'll find those who voted for every presidential winner since 1956. that's in...
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Dec 28, 2012
12/12
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we have to try to avoid the biggest dive that we could take off the fiscal cliff. >> republicans are blaming democrats. you've heard the line, washington doesn't have a revenue problem, we have a spending problem. i want to play this from senator john thune and get your reaction. >> even if the president got everything he wanted, it generates -- next year alone, so the question is, what do we do for the other 358 days of the year? we have to do something on the spending side of the equation. >> if we look at just the spending -- what cuts would you support? >> the president has put forward and agreed to speaker boehner -- in meeting the republicans more than halfway, he's agreed to a dollar in revenue to a dollar in spending cuts. i mean, hundreds of billions in spending cuts, we voted for a trillion in spending cuts, richard, last summer with no revenue at all when we agreed to the debt ceiling deal that triggered this fiscal cliff fiasco. so we have put hundreds of billions, and we're willing to put more than a trillion in spending cuts. the republicans are still really leaving the
we have to try to avoid the biggest dive that we could take off the fiscal cliff. >> republicans are blaming democrats. you've heard the line, washington doesn't have a revenue problem, we have a spending problem. i want to play this from senator john thune and get your reaction. >> even if the president got everything he wanted, it generates -- next year alone, so the question is, what do we do for the other 358 days of the year? we have to do something on the spending side of the...
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Dec 16, 2012
12/12
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KGO
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as lawmakers here and the president grapple with ways to avoid the impending fiscal cliff a top republican offered to raise income taxes on americans earning more than $1 million a year. >>> the move by house speaker john boehner as a concession in negotiations with president obama to avoid the fast approaching end of temporary tax cuts. but the offer falls far short of the president's demand for an increase on household earnings more than 250,000 dollars. while the news suggests a possible break through in the stand off standoff to reduce the may gos's huge debt problem a spokesman for boehner says a deal is not eminent. >>> there are so many lirnging questions from friday's school shooting in connecticut abc this week has assembled a team of political leaders in connecticut to try to answer them. can any measures protect from mass shootings in the future? how will officials respond? the senators join george stephanopolis coming up. don't miss this special edition of this week with george this morning at 8:00 right here on abc 7. >>> is the entire weekend going to be a washout in you have
as lawmakers here and the president grapple with ways to avoid the impending fiscal cliff a top republican offered to raise income taxes on americans earning more than $1 million a year. >>> the move by house speaker john boehner as a concession in negotiations with president obama to avoid the fast approaching end of temporary tax cuts. but the offer falls far short of the president's demand for an increase on household earnings more than 250,000 dollars. while the news suggests a...
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Nov 22, 2012
11/12
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FBC
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america's congressional leaders 40 days to avoid fiscal cliff, republicans ac like they are willing to give in on taxes, what is the president going to do? what is his big com compromise. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 m50 for $599 a month at your local mercedes-benz dealer. i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. and that means...fish on! symbicort is for copd including chronic bnchitis and emphysema. it should not be taken more than twice a day. symbirt may increase your risk of lung infections, osteoporosis, d some eye problems. tell your doctor if you have a heart condition or high blood pressure bef
america's congressional leaders 40 days to avoid fiscal cliff, republicans ac like they are willing to give in on taxes, what is the president going to do? what is his big com compromise. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 m50 for $599 a month at your local mercedes-benz dealer. i took my son fishing every year. we had a great spot, not easy to find, but...
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Nov 22, 2012
11/12
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FBC
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america's congressional leaders 40 days to avoid fiscal cliff, republicans ac like they are willing to give in on taxes, what is the president going to do? what is his big com compromise. >> ed klein, joins me next. we use this board to compare car insurance rates side by side so you get the same coverage, often for less. that's one smart board. what else does it do, reverse gravity? [ laughs ] [ laughs ] [ whooshing ] tell me about it. why am i not going anywhere? you don't believe hard enough. a smarter way to shop around. now that's progressive. call or click today. [ grunting ] lou: well joining us now to analyze the obama administration's shifting contradictory statements about benghazi and development in middle east, cease fear, and the thought of the looming fiscal cliff, author of the amateur, a book on the inside of the obama administration, ed klein. veteran political consultant, and strategist hank shin and goo have you here. starting with you, idea has kit rip just reported that thanksgiving eve, ambassador rice makes herself available to the press, what is she doing? >> tr
america's congressional leaders 40 days to avoid fiscal cliff, republicans ac like they are willing to give in on taxes, what is the president going to do? what is his big com compromise. >> ed klein, joins me next. we use this board to compare car insurance rates side by side so you get the same coverage, often for less. that's one smart board. what else does it do, reverse gravity? [ laughs ] [ laughs ] [ whooshing ] tell me about it. why am i not going anywhere? you don't believe hard...
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Dec 4, 2012
12/12
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KTVU
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here is a picture of president barack obama answering questions on twitter about the fiscal cliff. he is promoting a reference to the estimated tax increase and middle income families would see if rates are not extended, the latest would extend tax cuts for everyone including americans and who the president wants to exclude. the white house says the proposal is too short on specifics. >> we can't guess what they are, they need to tell us and they look forward to the time when they are specific with the ways we have dealt with it. >> they don't like what republicans want to do to social security and more on that during my next update. reporting live, allison burns, ktvu channel 2 morning news. >>> 5:14 in florida, they have released a photo of george zimmerman, showing george zimmerman with a swollen nose and blood did i face. they responded and said it adds nothing new to the case. the volunteer watch man is charged with second-degree murder and his trial is due to begin next june. >>> contra costa police officer was taken to the hospital after an attack. it happened at the college
here is a picture of president barack obama answering questions on twitter about the fiscal cliff. he is promoting a reference to the estimated tax increase and middle income families would see if rates are not extended, the latest would extend tax cuts for everyone including americans and who the president wants to exclude. the white house says the proposal is too short on specifics. >> we can't guess what they are, they need to tell us and they look forward to the time when they are...
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Nov 28, 2012
11/12
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KNTV
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with the fiscal cliff looming, republicans accusing the president of turning this into a pr campaign. we'll go live to washington with what the republicans are doing to fight back. >>> live look in san francisco this morning. big storming headed our way. it's going to last throughout the weekend. all headed our way for the morning commute as well. a rough morning ahead. our team coverage of the storm continues next. >>> it is 5:41 right now. we can tell you temperatures are flaring out on capitol hill right now in a fight. tracie potts live on capitol hill with the latest. >> two questions today, what's going on behind the scenes. top democrat on the senate side says not a lot. what's going on in front of the cameras? today at the white house, middle class families telling their stories. what would happen if they had to pay another 2200 dollars in taxes next year. president obama meeting with big business ceos. we're talking companies you'd recognize. republicans meeting with top ceos, pushing their side of things. now, republicans also criticizing the president for a trip that he has
with the fiscal cliff looming, republicans accusing the president of turning this into a pr campaign. we'll go live to washington with what the republicans are doing to fight back. >>> live look in san francisco this morning. big storming headed our way. it's going to last throughout the weekend. all headed our way for the morning commute as well. a rough morning ahead. our team coverage of the storm continues next. >>> it is 5:41 right now. we can tell you temperatures are...
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Dec 27, 2012
12/12
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KTVU
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house republicans tossed the fiscal cliff problem to the senate today. saying once the senate has a plan congress can go forward. john fowler investigated some of the latest moves and joins us live with what could happen a week from today. john? >> reporter: do mog, we get deep spending cuts and across- the-board tax hikes. con shull staffers told me -- congressional staffers told me today, expect a bumpy ride of the halls of power empty, although negotiateders and the president are back at work. >> at the very least let's agree right now on what we already agree on. >> reporter: an olive branch to the gop and carrot to corporate giants, including the bay area's google and apple. the administration now suggesting cutting corporate tax rates. the u.s. has among the world's highest. but closing loop holes that helped google, for instance, avoid $2 billion in taxes last year. >> corporations are concerned because they're not sure the extent to which exemptions would be eliminated. >> reporter: wells capital management senior economist gary slosberg is optim
house republicans tossed the fiscal cliff problem to the senate today. saying once the senate has a plan congress can go forward. john fowler investigated some of the latest moves and joins us live with what could happen a week from today. john? >> reporter: do mog, we get deep spending cuts and across- the-board tax hikes. con shull staffers told me -- congressional staffers told me today, expect a bumpy ride of the halls of power empty, although negotiateders and the president are back...
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Nov 26, 2012
11/12
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KNTV
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back to work for congress as it tries to avoid the so-called fiscal cliff. republicans and democrats have signed and signalled they may be ready to compromise on a hot button issue like tax increases. if a budget deal is not reached by the end of december, automatic tax increases and spending cuts will kick in. >>> the u.s. supreme court justices will decide this week whether to hear a case challenging the defense of marriage act, which prohibits the government from recognizing same-sex marriages. a married lesbian couple from san francisco is suing because they cannot share benefits on an employer-sponsored health care plan. >>> online retailers hope consumers will get online today for cyber monday. the research firm predicts americans will spend $1.5 billion on this cyber monday, which could be a 20% jump from last year. just don't get yourself fired if you're working. >> thanks for joining us. we'll have a local upday at 7:25. okay. >>> good morning. point, click, buy. americans expected to spend $1.5 billion today shopping online. we'll tell you why this
back to work for congress as it tries to avoid the so-called fiscal cliff. republicans and democrats have signed and signalled they may be ready to compromise on a hot button issue like tax increases. if a budget deal is not reached by the end of december, automatic tax increases and spending cuts will kick in. >>> the u.s. supreme court justices will decide this week whether to hear a case challenging the defense of marriage act, which prohibits the government from recognizing...
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Dec 19, 2012
12/12
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KICU
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leaders offered what they're calling a plan b as a solution to the so called fiscal cliff crisis. john boehner suggested raising taxes only on those making more than $1 million a year and cutting federal spending by a trillion dollars: but some say they will not support any tax increase. and democrats say the gop's plan b will never pass the senate. >> every time we get down to doing something for the long term financial security of this country, they take that football and it's a charlie brown episode. they jerk the ball away. >> reporter: president obama's latest officer would raise taxes on families making more than $400,000 a year and would cut spending by $850 billion. analysts say investor optimism about a deal to avoid the fiscal cliff pushed stocks higher today on wall street. dough isup 115 points. nasdaq was up 43 points. >>> instagram just posted a rule that indicated the company policy would allow instagram to sell photos posted by users. however today instagram said it would modify specific parts of its policy and the company has no intentions of using the users photo
leaders offered what they're calling a plan b as a solution to the so called fiscal cliff crisis. john boehner suggested raising taxes only on those making more than $1 million a year and cutting federal spending by a trillion dollars: but some say they will not support any tax increase. and democrats say the gop's plan b will never pass the senate. >> every time we get down to doing something for the long term financial security of this country, they take that football and it's a charlie...
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Dec 31, 2012
12/12
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. >> we're falling over that fiscal cliff. >> republicans simply can't utter the word yes. >> the president is, i believe, slowing down the process. >> they have no strategy. they don't know what they want. >> kim kardashian is pregnant. >> a lot of democrats get mad at me. >> no deal is better than a bad deal. >> something has gone terribly wrong when the biggest threat to our american economy is our american congress. >> hats off to the president. >> as of this point is looks like i'm going to be spending new year's here in d.c. i can come to your house? is that what you're saying? >> happy new year! >>> grab your party hats, chill the bubbly. just eight hours to go. yes, we are all waiting to cue the confetti with hopes for a last-minute deal to avert the fiscal cliff. with sweeping tax hikes and spending cuts set to take effect at midnight, frantic negotiations are ongoing at this hour with the president teasing the prospect of a deal on at least part of the cliff just hours ago. >> it appears that an agreement to prevent this new year's tax hike is within sight, but it's not done. we w
. >> we're falling over that fiscal cliff. >> republicans simply can't utter the word yes. >> the president is, i believe, slowing down the process. >> they have no strategy. they don't know what they want. >> kim kardashian is pregnant. >> a lot of democrats get mad at me. >> no deal is better than a bad deal. >> something has gone terribly wrong when the biggest threat to our american economy is our american congress. >> hats off to the...
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Nov 26, 2012
11/12
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cliff. susan mcginnis is in washington with what republicans and democrats now say they are willing to do to reach a deal. >> reporter: president obama and congress begin negotiations this week to avoid are the coming fiscal cliff, about $6 billion in tax hikes and spending cuts that will kick in. both sides say they're looking for ways to compromise. >> that's what it's about, if regan and o'neill can do it, obama should be able to do it. >> reporter: but republicans have consistently voted against any deal that raises tax revenue. >> the key is whether or not the republicans will move away from the id logically rigid tradition which was the grove pledge that they will not go for additional revenue. >> reporter: for the first time the antitax pledge seems to be negotiable. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid the coming grief and republicans should put revenue on the table. >> reporter: but new revenue doesn't necessarily mean ne
cliff. susan mcginnis is in washington with what republicans and democrats now say they are willing to do to reach a deal. >> reporter: president obama and congress begin negotiations this week to avoid are the coming fiscal cliff, about $6 billion in tax hikes and spending cuts that will kick in. both sides say they're looking for ways to compromise. >> that's what it's about, if regan and o'neill can do it, obama should be able to do it. >> reporter: but republicans have...
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Dec 31, 2012
12/12
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cliff. >> republicans say they are willing to work with members of congress and the president to come to an agreement but yesterday on nbc's meet the press, president obama said gop leaders have rejected his proposal to make a comprehensive deal. >> we don't yet see an agreement and now, the pressure is on congress to produce. >> we are willing to work with whoever can help. there is no single issue that remains an impossible sticking point. >> today, senate majority leader harry reid could push for a fallback bill which roe woo raise taxes on families making $250,000 a year or more. that plan would also extend unemployment benefits for two million americans. >>> in our other top story, police continue to search for answers in the murder of a college student. xavier strangefellow was a sophomore in virginia. a vigil was held last night at battlefield high school in haymarket. stringfellow was a graduate of the school. he was found stabbed to death. his body was found inside a crashed minivan. police say he had been involved in an altercation. there has been an arrest made in this case
cliff. >> republicans say they are willing to work with members of congress and the president to come to an agreement but yesterday on nbc's meet the press, president obama said gop leaders have rejected his proposal to make a comprehensive deal. >> we don't yet see an agreement and now, the pressure is on congress to produce. >> we are willing to work with whoever can help. there is no single issue that remains an impossible sticking point. >> today, senate majority...
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the president will be asking congressional republicans and democrats to work together to tackle the fiscal problems. he will be speaking from the white house 10:00 our time and you want to stay with abc7 morning news at 6:15 we go live to washington, d.c. for a preview of today's remarks. >>> traffic and weather together, next. here's a live look outside, golden gate bridge, looks like there might be a little mist nothing like the storms we had overnight. meteorologist mike nicco will tell you where those storms are going using live doppler hd. >>> also ahead, alaska airlines debuts a new fleet of aircraft. [ unintelligible ] >>> welcome back. one shower moving through the heart of san jose heading towards lincoln and almaden sliding to the south and east you can see it is going to head down 101 possibly to morgan hill as it heads into the higher country it is going to produce snow we talked about hail possible this was from hayward last night at about 1:50 in the morning this is from castro valley this these still shots here that thunderstorm moving through there we have a chance of seein
the president will be asking congressional republicans and democrats to work together to tackle the fiscal problems. he will be speaking from the white house 10:00 our time and you want to stay with abc7 morning news at 6:15 we go live to washington, d.c. for a preview of today's remarks. >>> traffic and weather together, next. here's a live look outside, golden gate bridge, looks like there might be a little mist nothing like the storms we had overnight. meteorologist mike nicco will...
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Nov 30, 2012
11/12
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fiscal cliff. >> republicans call it an insulting joke. >> the biggest stumbling block remains, new taxes on the wealthiest americans. >> that's what the president suggested. >>> ladies and gentlemen, the fiscal -- cliff! >> lottery officials will introduce the holder of one of the two winning jackpot tickets today. >> i'm very happy for him. he has worked very hard in his life and won't have to any more. >> the other big winner in arizona remains a mystery. >> the ticket holder may be all the way across this country in maryland. surveillance video shows a man who purportedly just found out that he wan on. >> now asking that person to come forward, show his ticket and bring your papers. >> lindsay lohan went to jail just to stay dry. >> whipped out his membership card. >> beau obama, inspecting the white house christmas decorations. >>> are you kidding me? >> never has drew brees thrown foiv interceptions and atlanta will survive. >>> an act of kindness by a new york cop going viral. tourist taking this photo of police officer larry deprimo giving boots to a homeless man. >> absolutely hu
fiscal cliff. >> republicans call it an insulting joke. >> the biggest stumbling block remains, new taxes on the wealthiest americans. >> that's what the president suggested. >>> ladies and gentlemen, the fiscal -- cliff! >> lottery officials will introduce the holder of one of the two winning jackpot tickets today. >> i'm very happy for him. he has worked very hard in his life and won't have to any more. >> the other big winner in arizona remains a...